Commodity funds up ahead of May debacle

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Commodities-focused funds generally had a good time in April as commodity markets continued to advance – but the stunning reversal in most major commodity prices in May will have hit many hard.

Oil specialist BlueGold – which reportedly  dropped 25% in the early May rout – was up by over 10% in April, taking its rolling six-month return to 44.39%.

Other notable performances came from Hinde Gold (up 6.77% for a six-month return of 23.71%), Duet Commodities (up 6.59% for a year-to-date return of 15.3%) and Armajaro STS Commodities (up 4.23% for a 12-month return of 62.28%).

Cumulus